1. “The best of the Muslims is he from whose hand and tongue the Muslims are safe.” (Muslim)

2. “The best of people are those with the most excellent character.” (Tabarani, Sahih)

3. “The best of people are those that bring most benefit to the rest of mankind.” (Daraqutni, Hasan)

4. “The best of people are those who are best in fulfilling (rights).” (Ibn Majah, Sahih)

5. “The best of people during fitnah is a man who takes up the reins of his horse pursuing the enemies of Allah, causing them fear yet they make him fearful too, or a man who secludes himself in the desert fulfilling the rights of Allah upon him.” (Hakim, Sahih)

6. “The best of mankind is my generation, then those that follow them and then those that follow them. Then there shall come a people after them who will become avaricious, who will love gluttony, and who will give witness before they are asked for it.” (Tirmidhi, Sahih)

7. “The best of people are those who live longest and excel in their deeds, whereas the worst of people are those who live longest and corrupt their deeds.” (Tirmidhi, Sahih)

8. “The best of women are those that please him (her husband) when he sees her, obeys him when she is commanded, and who does not secretly betray him with regards to herself and her money in that which he dislikes.” (Ahmad, Sahih)

9. “The best of women are those that please you when you see them, obey you when commanded, and who safeguard themselves and your money in your absence.” (Tabarani, Sahih)

10. “The best of marriages are the easiest ones.” (Abu Dawud, Sahih)

11. “The best of your dates is the Borniyyu date; it expels disease yet does not contain any disease itself.” (Hakim, Hasan)

12. “The best of your garments are those which are white; shroud your dead in them and clothe your living with them. The best of that which you apply to your eyelids is antimony causing the eyelashes to grow and sharpening the eyesight.” (Ibn Hibban, Sahih)

14. “The best of your religion is that which is easiest.” (Ahmad, Sahih)

15. “The best of the prayer lines for men are the first rows, the worst being the final rows. The best of the prayer lines for women are the final rows and the worst are the first rows.” (Muslim)

16. “The best prayers for women are those performed in the most secluded parts of their houses.” (Ibn Khuzaymah, Sahih)

17. “The best of you in Islam are those who are most excellent in character as long as you deeply understand the religion.” (Ahmad, Sahih)

18. “The best of you are the best of you in fulfilling (rights).” (Ahmad, Sahih)

19. “The best of you are those who are best to their families, and I am the best of you to my family.” (Tirmidhi, Sahih)

20. “The best of you are my generation, then those that follow them and then those that follow them. Then there shall come after them a people who will betray and be untrustworthy, will give witness even though they have not been asked to, will make vows yet will not fulfil them and obesity will appear amongst them.” (Bukhari)

21. “The best of you are those who feed others and return greetings.” (Abu Ya?la, Hasan)

22. “The best of you is he from whom good is anticipated and safety from his evil is assured; the worst of you is he from whom nothing good is expected and one is not safe from his evil.” (Tirmidhi, Sahih)

23. “The best thing mankind has been given is excellent character.” (Hakim, Sahih)

24. “The best of that which you treat yourself with is cupping.” (Hakim, Sahih)

25. “The best of journeys undertaken are to this Mosque of mine and the Ancient House.” (Ahmad, Sahih)

26. “The best of which man can leave behind for himself are three: a righteous child who supplicates for him, an ongoing charity whose reward continues to reach him and knowledge which others...

YOU MAY ALSO FIND THESE DOCUMENTS HELPFUL

...8th International Conference on Islamic Economics and Finance
Islamic Corporate Social Responsibility in Islamic Banking; Towards Poverty Alleviation
Muhammad Yasir Yusuf 1 Zakaria bin Bahari 2 One of the goals of Islamic banking operations is to increase the economic growth towards a better and just society. This study aims to examine the criteria and Islamic instrument of corporate social responsibility towards the creation of a sustainable economic development. Specifically, the study analyses the various approaches to improve the quality of life and alleviate poverty and the methods of applying Islamic instruments to corporate social responsibility programs in Islamic banking. Based on the review of literature and findings resulted from in depth interview with the expertises of Islamic banking in Indonesia, the study reveals that there are six (6) fundamental criteria and 34 items considered as critical for corporate social responsibility to make an impact on the society. These criteria are namely; shari’ah compliance, equality, responsibility in work, the guarantee of welfare, the guarantee environmental sustainability and charity for preservation of virtue. Then application of Islamic corporate social responsibility in the society should be guided by two Islamic principles, first, the application of maslahah (the public good)...

...distribution of income and wealth are integral parts of the moral philosophy of Islam. However, one of the socio-economic reforms made by Islam was the prohibition of riba (interest). About the efficacy and usefulness of the prohibition of interest in Islam, Muslim economists have tried to provide the juridical clarity and support based on reason, as opposed to mere belief. The purpose of this paper is to spell out the meaning of riba or interest, its different kinds, and the social, moral, as well as economic rationale of its prohibition.
The central feature of an Islamic financial system is the absolute prohibition of the payment and receipt of interest. Thus, countries that have chosen to bring their economic systems into closer accordance with the rules prescribed by Islamic law have had to restructure their banking Systems to conform to the restriction on interest based financial transactions.
One of the main subjects in Islamic economy is study on ration of usury to currency devaluation compensation. In Iran which average inflation rate has been 20% during the last 30 years (that is prices have been averagely multiplied by 240 in the last 30 years) on the one hand and currency devaluation compensation is regarded usury on the basis of traditional definition of usury on the other hand, the fact that devaluation compensation is considered as usury causes the holders of interest free deposit to face continual and evident...

...CTU351
INDIVIDUAL ASSIGNMENT
RHB Islamic Banking
NAME : ATIQAH BT NORDIN
SECTION : 12.6.21
COURSE : BM112
LECTURER’S NAME : USTAZAH ZURAIDAH
ACKNOWLEDGEMENT
I admit that this is the result of my own work or effort
Date : 3 JULY 2013 ( _____________________)
ATIQAH BT NORDIN
2010761395/ITM101210945
CONTENT
Introduction
Islamic Banking is interest free banking, in which there is no fixed rate of return. Islamic banking is the banking system which is run in accordance with the Islamic laws and the Shari a’ board; that guides the institutions. This Shari a’ board authorizes the products that whether these are Shari a’ compliant or not. Islamic banking is the banking that is guided by Islamic law (Shari a’) principles and guided by Islamic economics. In particular, Islamic law prohibits usury, the collection and payment of interest, also commonly called Riba in Islamic discourse”. Islamic banking also finds its roots in Islamic finance and all type of transactions are interest free of risk sharing. The interest is probihited in Islamic ways of banking...

...Medell’s Islamic Ancient Traditions: The Six Pillars
Islamic Ancient Traditions: The Six Pillars
From the
Writings of Crystal Medell
Humanities Ms. Melissa Jayne Shelton
University of Central Oklahoma
Abstract
The purpose of this paper is to describe ancient Islamic traditions. This paper focuses on the religious traditions that are mainly still practiced today according to the Qur’an. The six pillars are described which consist of Shahadah, Salat, Zakat, Sawm, Hajj, and Jihad.
Islamic Ancient Traditions: The Six Pillars
from the
Writings of Crystal Medell
The religious Islamic traditions of ancient times are still practiced in there entirety except for the sixth pillar which is known as Jihad or the holy war. Islam is the Arabic word for submission to God and the people who practice this religion refer to themselves as Muslims which means one who has submitted to God. The religious beliefs of Islam are from a book written around 610 AD called the Qur’an. Islam was accepted shortly after, sometime around 630 AD. The true meaning of the Qur’an is believed to only be properly accepted in the Arabic language. The Qur’an’s religious traditions come from the six pillars (obligations) of the book. The six pillars are called Shahadah, Salat, Zakat, Sawm, Hajj, and Jihad. Only five are practiced in modern day. (Ahmad, 1995-2011)
We will begin with the first pillar,...

...﻿
FOUNDATION OF ISLAMIC FINANCE
ISF 1101
SEMESTER 2 2013/2014
DEVELOPMENT OF ISLAMIC BANKING AND FINANCE
IN SINGAPORE
INTRODUCTION
Singapore or officially known as the Republic of Singapore is an island city-state which situated in the Southeast Asia specifically lies off the southern tip of Malaysia peninsular. The total area of Singapore is 716.1 square kilometres or 270 square miles and it accommodates approximately 5,599,200 citizens and 823,082 of them are consists of Muslims. Muslims in Singapore are about 14% out of the population numbers and are amongst the minority society.
In the context of economy, Singapore is a trade-oriented market economy that basically practices conventional banking system. However, the Islamic banking system has slowly entering the Singapore banking system since the year 2005. The Islamic banking system was not rapidly executed nor accepted because the conventional banking sector has developed well over the period of time. The Monetary Authority of Singapore (MAS) is the responsible entity in helping the progress of Islamic finance in the country. The table provided below is to show some of the comparison between conventional banking system and Islamic banking system in Singapore.
CONVENTIONAL BANKING SYSTEM
ISLAMIC BANKING SYSTEM
Additional buyer’s stamp duty needs to be paid off by certain groups of people that...

...﻿NAME : SCHERZO WAHID NAIBORHU
ID : 014201200145
1. Murabaha
in one day, there is a guy named Hadi. he is the customer of Bank Muamalat Indonesia. He wants to purchase a car type Daihatsu APV to support his current job which is to accommodate elementary students to go to their school. since his money is not enough because his old car that he sell haven't sold yet. therefore, he decides to go to bank Muamalat to make am Murabahah contract. The price of the car is 200 million rupiah. After that bank sell the car to Hadi with the price 235 million and Ali can pay it with installment for 3 years. Before bank is setting the price, bank has calculate overhead cost and related cost during the period payment. In determining the profit, bank should compare to the interest rate in conventional bank to give competitive advantage to the customer. The calculations are below:
FV=PV(1+i)n
235,000,000=200,000,000(1+i)3
1.15=(1+i)3
i = 5.5%
Based on Kontan news in 2013, BCA finance set interest rate 6%-7% for car financing in 3 years. It means Bank Muamalat has cheaper price rather than BCA finance. It is also the reason Hadi attracted to this scheme. Every month Hadi should pay (230,000,000 : 36) 6,527,777.778 to the bank.
This 35 million profit was decided by Bank Muamalat with the considerations also of:
Administration expenses IDR 1,000,000
2. Bai Salam
Ridwan is a farmer in Cirebon. He needs 50 million rupiah as the capital to start his...

...influence and audience." Islamic terrorism is a serious problem for the United States because of the threat to national security, the safety of innocent civilians, and the foundations of democratic societies throughout the world (1997 Global Terrorism: NP).
Most of the Islamic worldviews the West, especially the United States, as the foremost corrupting influence on the Islamic world today. The Hizballah have taken this further by labeling the Unites States as "the Great Satan" (Sinha. "Pakistan-The Chief Patron-Promoter of Islamic Militancy and Terrorism": NP). This growing animosity the Islamic nations feel toward the Western world has been continually demonstrated by the increase in international terrorism. However, Muslims do not view their actions as acts of terrorism, but self-defense and their religious duty. The Islamic radical movements main success or failure has been their ability to gain legitimacy from the general public or from the greater part of it in each Muslim country (Paz 1998: NP). During the past two decades, they have had enormous success with their ability to present themselves to the Arab and Muslim world as the true bearers of Islam. They appeal to the lower class due to the shared resentment of wealthy westerners while the middle class and intellectuals are drawn toward these radical groups in order to expel imported ideologies and forms of government...